by John Galt
January 15, 2012 08:15 ET
The first major stock market is open for trading after the massive wave of S&P downgrades for the Eurozone and the results are not surprising with the Israeli TASE down 1.18% in late afternoon trading:
The Arab markets throughout the region are mixed throughout the region with Dubai registering the second largest drop compared to the TASE, down 0.98%.
The Asian open will be the most fascinating aspect of trading tonight because a massive sell off in China, Japan, and Korea would indicate that the downgrades did in fact trigger the secondary impacts many on the web have been warning about and create an expanded liquidity crisis throughout the world’s financial markets.